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On the Value of Reversionary Life Interests

Published online by Cambridge University Press:  18 August 2016

Griffith Davies Esq.
Griffith Davies Esq.*
Affiliation:
Law Life Assurance Society
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Extract

To find the present value of a Survivorship Annuity of £1 on the life of A to be entered on at the death of B, supposing the purchaser to effect an increasing insurance on A's life so that the sum insured may correspond with the amount of his outlay (of purchase money, premiums, and interest) at the end of each year up to the average duration of the joint lives of A and B, and to be at the end of that period of the exact amount which the annuity purchased would cover the annual interest thereon, beside providing for the premiums to keep it insured during the remainder of A's life.

Type
Research Article
Information
Journal of the Institute of Actuaries , Volume 15 , Issue 2 , July 1869 , pp. 138 - 141
Copyright
Copyright © Institute and Faculty of Actuaries 1870

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